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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (8448)	10/12/1998 7:41:00 PM
From: jopawa	Read Replies (1) \| Respond to of 93625

Mile, Here's my take on what we might see in the next few days(what else matters!). The market showed signs late in the day of exhaustion from the last 2 1/2 days. My guess would be some pullback tomorrow on the averages, but of course INTC comes out after the close so that will be the key. My take, INTC beats the estimates, but gives a very cautious CC stating that they are losing some share and inventory drawdowns were partly responsible for the apparent uptick in biz. INTC right now is trading very nervously, and I can't seem to believe that INTC will bust through 90. As for RMBS, who knows, but news aside, it will trade with INTC and the rest of the techs. Sell tomorrow or wait til Wed? We'll see, but news aside (usual disclaimer), 65 looks like my short term exit. Having said all that, do the opposite and you'll probably make more money.<gg> John